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State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. [5] State Farm is ranked 39th in the 2024 Fortune 500, which lists American companies by revenue. [6] State Farm relies on exclusive agents (also known as captive agents) to sell insurance.
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Michael L. Tipsord (born June 20, 1959) is the chairman of the board of State Farm Insurance in Bloomington, Illinois. Tipsord replaced Edward B. Rust Jr. as chairman on September 1, 2015. [ 1 ] State Farm is the 42nd largest company in the United States on the Fortune 500 [ 2 ] and the country’s largest auto and home insurer .
State Farm said in March it would not renew roughly 30,000 homeowners, owners of rental dwellings and other property insurance policies. It also said it would stop offering commercial polices to ...
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In both decisions, State Farm cited its exposure to catastrophe as its rationale, and a spokesperson for the insurer added in a statement: “The market conditions that led State Farm General to ...
State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state ...
The State Farm Research and Development Center opened in January 2005 at the University of Illinois’ Research Park. State Farm has been involved in academic programming, student assistance and research at U of I for over 35 years, but this facility allows for of college interns working on projects to benefit the company as a whole, while students get to apply what they learn in class to ...